Saturday, 25 October 2014

Archive

IMF Estimates 5 Percent Growth in 2010

Audio & VIdeo

Audio
  • Chun Sakada's report aired 10 September, 2010

Chun SakadaVOA Khmer

The International Monetary Fund predicts an economic growth rate as high as 5 percent for 2010, thanks to recovery in garment exports and tourism.

The IMF said 2009 had seen a shrinking of the economy by 2 percent in the wake of the global economic crisis, but there are signs of growth, especially in the two chief earners.

“Real GDP growth is projected to reach 4.5 to 5 percent in 2010, a significant turnaround from 2009,” the IMF’s senior economist for Asia and the Pacific, Olaf Underoberdoerster, told reporters Friday following a 10-day mission. “A broadening export-led recovery has taken hold since the beginning of the year.”

Some economic cool spots remain. Construction activity remained “sluggish,” Underoberdoerster said, with related imports low, “while a late start of the rainy season may dent agricultural output growth.”

Still, Cambodia’s economy could grow even further into 2011 and 2012, he said.

Cambodia will also benefit from an increase in the labor force and a relatively young population, but it will have to improve its business environment to make it more competitive, he said.

Cambodia should also focus on improving public service delivery and ensure public investment was targeted at areas for “high return in key infrastructure and social priority sectors,” he said.

Underoberdoerster also stressed the promotion of agriculture and rural infrastructure as means to broaden future growth.

“Improving the quality and dissemination of key economic statistics will serve to further enhance policy credibility and result in better informed business decisions,” he said.

Meanwhile, Yim Sovann, a spokesman for the opposition Sam Rainsy Party, said 5 percent growth was not enough when put against the population growth rate and inflation.

Improvements need to be made in the fight against corruption and the distribution of economic wealth “for all, with equity,” he said.

This forum has been closed.
Comments
     
There are no comments in this forum. Be first and add one
Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Demonstrators Call on Government To Fulfill Principles of Peace Accordsi
X
24 October 2014
Hundreds of activists demonstrated in Phnom Penh on Thursday, gathering to protest the government’s failure to fulfill the promises of the Paris Peace Accords, which were signed in 1991 and brought liberal democracy and a constitution to a country that had been shattered by war. The demonstrators submitted a petition to the US and other embassies, calling for international pressure on the Cambodian government to follow the accords. (Kong Sothanarith, Phnom Penh)

English with Mani & Mori

Your JavaScript is turned off or you have an old version of Adobe's Flash Player. Get the latest Flash player.
Face the Music (Movie: Yes Man)i
X
20 October 2014
You can say, "You lied, and lied, but this time you got caught. It's time you 'face the music'. It's time you confess and tell the truth." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Face the Music (Movie: Yes Man)

You can say, "You lied, and lied, but this time you got caught. It's time you 'face the music'. It's time you confess and tell the truth." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Hit the Nail on the Head (Movie: Inside Job)

You can say, "The professor 'hit the nail on the head' when she said, that we cannot demand respect, respect must be earned and not given freely." What does it mean? Watch here. For more videos - go to www.youtube.com/KhmerSpecialEnglish or www.khmer.voanews.com/maniandmori. To contact Mani & Mori
Video

Video Speak of the Devil (Movie: Easy A)

You can say, "Speaking of the devil, there she is! Hey, we were just talking about you a moment ago." What does it mean? Watch here. For more videos - go to youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
Video

Video Rock the Boat (Movie: 500 Days of Summer)

You can say, "Things are going really well between the two of you - he's happy and you're happy, so why 'rock the boat'?" What does it mean? Watch here. For more videos - go to www.youtube.com/KhmerSpecialEnglish. To contact Mani & Mori - write to them at maniandmori@gmail.com.
See more >>>